Gorilla Technology Takes Strong Stance Against Market Manipulation
Gorilla Technology Group Inc. (NASDAQ: GRRR) has issued a strong statement against market manipulation of its stock. The company has been actively investigating suspicious trading activities since August 2023, with further instances identified in June and September 2024. Gorilla has reported its findings to the U.S. Securities and Exchange Commission (SEC) and remains committed to protecting shareholders by combating any behavior that undermines market transparency and fairness.
Additionally, Gorilla has reaffirmed its intention to pursue share repurchases under its recently announced buyback program, expressing confidence that the company's stock is substantially undervalued given its financial performance. The company remains focused on executing its business strategy to deliver continued growth and profitability.
Gorilla Technology Group Inc. (NASDAQ: GRRR) ha rilasciato una dichiarazione forte contro la manipolazione del mercato delle sue azioni. L'azienda sta indagando attivamente su attività di trading sospette da agosto 2023, con ulteriori casi identificati a giugno e settembre 2024. Gorilla ha segnalato i suoi risultati alla U.S. Securities and Exchange Commission (SEC) e rimane impegnata a proteggere gli azionisti combattendo qualsiasi comportamento che minacci la trasparenza e l'equità del mercato.
Inoltre, Gorilla ha ribadito la sua intenzione di perseguire i riacquisti di azioni nell'ambito del suo programma di buyback recentemente annunciato, esprimendo fiducia nel fatto che le azioni della società siano sostanzialmente sottovalutate considerando le sue performance finanziarie. L'azienda rimane focalizzata sull'esecuzione della sua strategia aziendale per garantire una continua crescita e redditività.
Gorilla Technology Group Inc. (NASDAQ: GRRR) ha emitido una declaración contundente en contra de la manipulación del mercado de sus acciones. La compañía ha estado investigando activamente actividades de trading sospechosas desde agosto de 2023, con más casos identificados en junio y septiembre de 2024. Gorilla ha informado sus hallazgos a la U.S. Securities and Exchange Commission (SEC) y sigue comprometida a proteger a los accionistas combatiendo cualquier comportamiento que socave la transparencia y la equidad del mercado.
Además, Gorilla ha reafirmado su intención de llevar a cabo recompras de acciones bajo su programa de recompra recientemente anunciado, expresando confianza en que las acciones de la compañía están sustancialmente subvaloradas dado su rendimiento financiero. La empresa sigue enfocada en ejecutar su estrategia empresarial para lograr un continuo crecimiento y rentabilidad.
고릴라 테크놀로지 그룹 주식회사 (NASDAQ: GRRR)는 자사 주식의 시장 조작에 대해 강력한 성명을 발표했습니다. 이 회사는 2023년 8월부터 의심스러운 거래 활동을 적극적으로 조사해 왔으며, 2024년 6월과 9월에 추가 사례를 확인했습니다. 고릴라는 미국 증권 거래 위원회 (SEC)에 조사 결과를 보고하였으며, 시장의 투명성과 공정성을 해치는 모든 행동에 맞서 주주를 보호하기 위해 최선을 다할 것입니다.
또한 고릴라는 최근 발표된 자사 주식 매입 프로그램에 따라 자사주 매입을 지속할 의사를 재확인하며, 회사의 주식이 재무 성과를 고려할 때 상당히 저평가되어 있다고 믿고 있습니다. 회사는 지속적인 성장과 수익성을 달성하기 위해 사업 전략의 실행에 집중하고 있습니다.
Gorilla Technology Group Inc. (NASDAQ: GRRR) a publié une déclaration forte contre la manipulation du marché de ses actions. L'entreprise mène depuis août 2023 une enquête active sur des activités de trading suspectes, avec d'autres cas identifiés en juin et septembre 2024. Gorilla a signalé ses résultats à la U.S. Securities and Exchange Commission (SEC) et s'engage à protéger les actionnaires en luttant contre tout comportement qui compromet la transparence et l'équité du marché.
De plus, Gorilla a réaffirmé son intention de poursuivre les rachats d'actions dans le cadre de son programme de rachat récemment annoncé, exprimant sa confiance que les actions de l'entreprise sont nettement sous-évaluées compte tenu de sa performance financière. L'entreprise reste concentrée sur l'exécution de sa stratégie commerciale pour assurer une croissance et rentabilité continues.
Die Gorilla Technology Group Inc. (NASDAQ: GRRR) hat eine eindeutige Erklärung gegen die Marktmanipulation ihrer Aktien abgegeben. Das Unternehmen untersucht seit August 2023 aktiv verdächtige Handelsaktivitäten, wobei weitere Fälle im Juni und September 2024 identifiziert wurden. Gorilla hat seine Ergebnisse der U.S. Securities and Exchange Commission (SEC) gemeldet und bleibt verpflichtet, die Aktionäre zu schützen, indem es gegen jegliches Verhalten vorgeht, das die Transparenz und Fairness des Marktes untergräbt.
Darüber hinaus hat Gorilla seine Absicht bekräftigt, Aktienrückkäufe im Rahmen seines kürzlich angekündigten Rückkaufprogramms zu verfolgen und äußert Vertrauen, dass die Aktien des Unternehmens deutlich unterbewertet sind, angesichts seiner finanziellen Leistung. Das Unternehmen bleibt darauf fokussiert, seine Geschäftsstrategie umzusetzen, um weiterhin Wachstum und Rentabilität zu erzielen.
- Proactive stance against market manipulation
- Ongoing share repurchase program
- Management's confidence in company's undervaluation
- Focus on growth and profitability
- Suspected ongoing market manipulation attempts
- Multiple instances of suspicious trading activity
Insights
This statement from Gorilla Technology Group demonstrates a proactive approach to addressing potential market manipulation, which is commendable but not immediately impactful on the company's financial performance. The key points to consider are:
- The company has been investigating suspicious trading activity since August 2023, with further instances identified in June and September 2024.
- Gorilla has reported its findings to the SEC, showing commitment to transparency and regulatory compliance.
- The announcement of a share buyback program suggests management's confidence in the company's value, but without specific details on the size or timing, its immediate impact is
While these actions may help build investor trust in the long term, they don't provide new financial information or materially change the company's near-term prospects. The statement's impact on the
London, United Kingdom--(Newsfile Corp. - October 3, 2024) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), today issued a firm statement regarding its uncompromising approach to safeguarding the integrity of its stock. The Company has been relentless in policing trading activities around its securities and is deeply concerned by what it sees as ongoing manipulation attempts.
In August 2023, Gorilla announced that an investigation of suspicious trading activity had uncovered evidence suggesting manipulation of its share price. In June and again in September this year, Gorilla identified further suspicious trading activity. This suspected manipulation was promptly and thoroughly investigated, and the findings have been reported to the U.S. Securities and Exchange Commission (SEC). The Company will not tolerate any actions that undermine the transparency and fairness of the market and Gorilla will continue to actively monitor and combat any such behaviour to protect our shareholders.
We would also like to reaffirm that Gorilla will seek additional opportunities to repurchase more of its shares under its recently announced share buyback programme, reaffirming our belief that the company's stock remains substantially undervalued given the Company's announced financial performance. The Company is focused on continuing to execute on its business strategy and deliver continued growth and profitability.
About Gorilla Technology Group Inc.
Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including, Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.
Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.
For more information, please visit our website: Gorilla-Technology.com.
Forward-Looking Statements
This press release contains forward-looking statements, which are based on estimates, assumptions, and expectations. Actual results and performance could differ materially and adversely from those expressed or implied in forward-looking statements. Gorilla does not undertake any obligation to update any forward-looking statements, except as required by law.
Investor Relations Contact:
Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225445
FAQ
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